Tallying Up the Taxes on Lottery Winnings - TurboTax

what is lottery annuity
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Mega Millions jackpot winners receive a portion of their prize up front when they choose to go the route of the annuity option Payments then

With the Mega Millions jackpot at half a billion dollars, many are fantasizing about what they would do with all that dough  Most lottery rules only cover transfers due to death, allowing a person's heirs to inherit any remaining annuity payments under a lottery prize

error_ draggable element must have an item slot Lottery annuities offer winners a long-term payout option, providing a stable income stream over an extended period The guarantees associated Initial and Annual Annuitized Payments: All annuitized prizes shall be paid in graduated annual payments The annuity option Jackpot Prize amount will be